Franklin Resources Inc. Decreases Holdings in HSBC Holdings plc (NYSE:HSBC)

Franklin Resources Inc. trimmed its stake in HSBC Holdings plc (NYSE:HSBC) by 17.3% during the third quarter, Holdings Channel reports. The fund owned 385,544 shares of the financial services provider’s stock after selling 80,378 shares during the period. Franklin Resources Inc.’s holdings in HSBC were worth $17,103,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new position in shares of HSBC during the 3rd quarter worth $122,000. Sanctuary Advisors LLC lifted its holdings in HSBC by 2.8% during the third quarter. Sanctuary Advisors LLC now owns 16,036 shares of the financial services provider’s stock valued at $737,000 after purchasing an additional 439 shares during the last quarter. Soltis Investment Advisors LLC bought a new position in HSBC during the third quarter worth about $641,000. Coldstream Capital Management Inc. raised its position in shares of HSBC by 7.3% in the third quarter. Coldstream Capital Management Inc. now owns 9,141 shares of the financial services provider’s stock valued at $413,000 after purchasing an additional 619 shares during the period. Finally, Abel Hall LLC lifted its stake in shares of HSBC by 4.3% during the 3rd quarter. Abel Hall LLC now owns 6,221 shares of the financial services provider’s stock valued at $281,000 after buying an additional 257 shares in the last quarter. 1.48% of the stock is owned by institutional investors.

HSBC Stock Up 0.2 %

HSBC opened at $48.27 on Friday. The company has a 50 day moving average of $46.34 and a 200 day moving average of $44.56. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. HSBC Holdings plc has a 12 month low of $36.93 and a 12 month high of $49.18. The company has a market cap of $173.91 billion, a PE ratio of 7.98 and a beta of 0.56.

HSBC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 8th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend was Friday, November 8th. HSBC’s dividend payout ratio (DPR) is presently 32.73%.

HSBC Profile

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.